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For sale

485 W Matheson Dr

Key Biscayne, FL 33149

$237,000,000

$20,559/ft²

5Beds
8Baths
11,528Sq ft
1981Year built
Single-family homeType

About this home

485 W Matheson Drive is one of America’s most iconic waterfront estates, representing a rare convergence of presidential history, cinematic legacy, and unparalleled waterfront scale. Set on approximately 2.38 acres with an extraordinary 862’ of direct Biscayne Bay frontage, the property captures sweeping, unobstructed views of the Miami skyline and open bay, offering a level of presence and exclusivity rarely found in South Florida. Once the “Winter White House” of, the estate also achieved cinematic fame as the Frank Lopez residence in Scarface, with original architectural elements still preserved, including the iconic glass elevator. Offers 5BR + gym (can be converted to 6th BR) 7+2BA, and approximately 13,500 SF (per owner) across three levels, featuring soaring 24’+ ceilings, marble floors, and walls of glass framing breathtaking bay views. Expansive living, dining, and kitchen areas open to large terraces, creating seamless indoor-outdoor living ideal for both everyday comfort and grand-scale entertaining. Resort-style grounds include a piano-shaped saltwater pool, cabana bath, lush tropical landscaping, and expansive lawn areas with artfully integrated lighting extending the estate’s experience well beyond sunset. A private marina, formerly a presidential helipad—features rare 3-phase power and dockage for yachts up to 200’, plus over 34,000 SF of submerged land, making this one of Miami’s most significant and irreplaceable waterfront holdings in the world.

Features

  • Waterfront

Property details

Listing

MLS #
A12005335
Status
For sale
Listed on
May 4, 2026
Days on market
97 days
Listing data updated
Jun 16, 2026

Interior

Beds
5
Baths
8
Living area
11,528 ft²
Price per ft²
$20,559/ft²

Building & community

Type
Single-family home
Year built
1981
County
Miami-Dade

Lot & exterior

Lot size
103,775 ft²
Waterfront
Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest)
$1,198,401
Property taxes (est.)
$217,250
Home insurance (est.)
$600
Flood insurance (est.)

Estimated total$1,416,251*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Location

Mortgage calculator

$1,198,401/moEstimated principal & interest. Taxes, insurance, and HOA are not included. This is an estimate, not a quote or financial advice.

Equal Housing Opportunity

This listing is courtesy of Coldwell Banker Realty.

Jill Eber · 305-915-2556 · jille@jillszeder.com · 305-672-6300

Data deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

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